Germany's Merkel: Can't say if we will find a compromise this time, the differences are very big

Those are not encouraging remarks ahead of talks today and tomorrow

• Germany and France will work together to support commission's proposal
• Going into talks with a lot of impetus, but differences are still very big
• Thinks that negotiations are going to be very tough

This just further reaffirms baseline expectations that there is likely not going to be a compromise achieved this weekend. The question now is whether they will make any progress towards that before the end of the month or will talks break down completely.